Description
Here is your chance to build an income producing apartment complex!! Very close to the 14 Freeway and Edwards AFB!! R-3 Zoned and once upon a time (2006) owner had approved plans for 2 story 28 Unit apartment complex. The lot is one an acre and perfectly flat. Most of the ground work has been completed including grading (but may need some slight grading again). The property also already has the required surrounding block wall as well as an extensive retention basin with 2 bridge decks/driveways for entry to the property. Permits for the retaining wall, basin and grading have already been finalized (see supplemental attachment) Due to the housing market crash their loan to construct the apartments fell through. This would be a great deal for the right builder. The seller and his partner had already invested over $1 million into the property prior to the crash. Unfortunately one partner has passed away and the other one has relocated to another state.
Location
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Listing Agent: Diana James
Listing Office: Johnhart Real Estate
Attribution contact: 818-246-1099 | 661-208-4638
